UK Secured Loans

The things your lender will be looking for

In the UK secured loans are the most commonly offered package, because they're a relatively low risk for lenders. To qualify, you'll need to own your own property, be in full time employment and have a reasonably good credit rating – although specialist brokers cater for people with adverse credit ratings.

Of all the loans available in the UK secured loans are the most common. Lenders love them because they're relatively low risk, and consumers love them because they tend to come with exceptionally low interest rates. However, it's important to remember that UK secured loans tend to be secured on your property, which means if you can't make the repayments you could lose your home.
In the UK secured loans are offered to a select group of customers. To qualify you'll not only need to own your own home, but you'll normally have to be in full-time employment with a decent credit history. If you're on a temporary contract or you've had CCJ judgements in the past, the mainstream lenders will probably shun you – but that doesn't mean you can't still raise some money. A growing number of firms offer UK secured loans to people with unusual employment circumstances or adverse credit ratings.

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